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Jack Dorsey leaves Twitter, CTO Agrawal to replace him
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(Pocket-lint) – Twitter co-founder and CEO Jack Dorsey has announced his departure from the company. CTO Parag Agrawal will replace him, while Bret Taylor will take over as the new chairman of the board.
Dorsey has been running Twitter as CEO since 2015 – after being kicked out of his post in 2008. Although he left Twitter, he will continue to be CEO of Square . In a statement, Dorsey said he decided to quit Twitter because he believed the company was “ready to leave its founders.”
Dorsey added, “My confidence in Parag as CEO of Twitter runs deep. His work over the past 10 years has been transformational.”
In a letter to employees , Dorsey has revealed he will complete his term on the board until “May”. Dorsey said he believes it is essential that a business can “stand on its own, free from the influence or direction of its founder.” He also said that the decision to leave was his and that it was difficult.
He described himself as very sad and yet very happy. “I love this service and this company… and all of you so much,” Dorsey said.
Deep gratitude for @jack and our whole team, and so much enthusiasm for the future. Here is the note I sent to the company. Thank you all for your trust and support https://t.co/eNatG1dqH6 pic.twitter.com/liJmTbpYs1
– Parag Agrawal (@paraga) November 29, 2021
Agrawal has issued its own note to employees before a bare-handed meeting, where he said he joined Twitter 10 years ago.
“I have walked in your shoes, I have seen the ups and downs, the challenges and the obstacles, the victories and the mistakes,” said the new CEO. “But then and now, above all else, I see the incredible impact of Twitter, our continued progress and the exciting opportunities that lie ahead.”
Written by Maggie Tillman. Originally published on .